Vhen tare and cloff are allowed : Deduct the tare and trett as before, and divide the suttle ly 168 (because 2 lb. is the o of 3 cwt.) the quotieni will be the cloff, which subtract from the sut:le, and the renainder will be the neat weight. EXAMPLES. 1. In 3 hogsheads of Tobacco, each weighing 13 cut 3 qrs. 24 lb. gross, tare 107 lb. per hogshead, trett 4 Iba per 104 lb. and cloff 2 -lb. per 3 cwt. as usual; how much neat. cut. grs. Ibs. 4 Ans. 4175 neat weight. 2. What is the neat weight of 26 cwt. 3 qrs. 20 lb. Bruss, tare 52 lb. the allowance of trett and cloff as usual ? Ans. neat 25ewt. Igr. 5lb. 1oz. nearly; omitting further fractions. INTEREST. INTEREST is of two kinds ; Simple and Compound. SIMPLE INTEREST. Simple Interest is the sum paid by the borrower to the lender for the use of money lent; and is generally at a certain rate per cent. per annuin, which in several of the United States is fixed by law at 6 per cent. per anum; that is 61. for the use of 1001, or 6 dollars for the use of 100 dollars for one year, &c. Principal is the sum lent. CASE 1. RULE. Multiply the principal by the rate per cent. and divide the product by 100 ; the quotient will be the answer. EXAMPLES. 1. What is the interest of 391. 11s. 8 d. for one year at 6l. per cento per annum ? £. d. 39 11 8? 6 8. 0/12 Ans. £2. 75. 6d.o. 2. What is the interest of 2361. 10s. 4d. for a year, at o per cent. I Ans. £11 16s. 6d. 8. What is the interest of 5711. 13s. 9d. for one year, at 6l. per cent. ? Ans. £34 68. 07d. 4. What is the interest of 21. 123. Ofd. for a year, at 5l. per cent. ? Ans. £0 33. 2d. FEDERAL MONEY. 8. What is the interest of 468 dols. 45 cts. for one vear at 6 per cent. ? $ cts. 469, 45 28/10, 70=$28, 10cts. 7. Ans. Here I cut off the two right hand integers, which dikide by 100: but to divide federal money by 100, you need only call the dollars so many cents, and the inferior denominations deciinals of a cent, and it is done. Therefore you may multiply the principal by the rate, and place the separatrix in the product, as in multiplication of federal money, and all the figures at the left of the separatrix, will be the interest in cents, and the first figure on the right will be mills, and the others décimals of a mill, as in the following EXAMPLES 6. Required the interest of 135 dolls. 25 cts. for a year at 6 per cent. $ cls. 135, 25 6 811, 50=83, 11cts. 5m. Ans. 7. What is the interest of 19 dollars 51 cents for one per cent. ? $ cts. year, at 6 19,51 5 97, 55=97cts. 51 m. Ans. 8. What is the interest of 436 dollars for che year, at 6 per cent. ? 6 ANOTHER METHOD Write down the given principal in cents, which multis ply by the rate, ad divide by 100 as before, and you will have the interest for a year, in cents, and decimals of a ceat, as follows: 9. What is the interest of $73, 65 cents for a year, as 6 per cent. ? Principal 7365 cents 6 Ans. 441, 90cts.=44116 cts. or $4, 41cts. 9m. 10. Required the interest of $85, 45cts. for a year, at 7 per cent. ? Cents. 7 To find the simple interest of any sum of money, for any number of years, and parts of a year. GENERAL RULE. 1st Find the interest of the given sum for one year 20. · Multiply the interest of one year by the given number of years, and the product will be the answer for that time. 3d. If there be parts of a year, as months and days, work for the months by the aliquot parts of a year, and for the days by the Rule of Three Direct, or by allowing 30 days to the month, and taking aliquot parts of the same. * By allowing the month to be 30 days, and taking aliquot parts thereof, you vill have the interest of any ordinary sum sufficiently ex act for common use ; but if ine sui be very large, you may say, As 365 days: is to the interest of or.e year: : so is the given number of days: to che interest required. £. EXAMPLES 1. What is the interest of 751. 8s. 4d. for 5 years and 2 months, at 6l. per cent. per annum ? £. d. 73 8 4 d. 6 2 mo=%)4 10 6 Interest for 1 year. 5 452 10 0 20 22 12 6 Jo. for five years. 0 15 1 do. for 2 months. 10350 12 ning Ans £23 6:00 2. What is the interest of 64 dollars 58 cents for 3 years, 5 months, and ten days, at 5 per cent? $ 64,58 5 1322,90 Interest for 1 year in cents, per 3 [Case I. 1 mo. 1968,70 do. for 3 years. 26,90 do. for 1 month. 8,96 do. for 10 days, Ans. 1112,19=1112cts, or $ 11,12c. 118m. 3. What is the interest of 789 dollars for two years, at 6 per cent.? Ans. $ 94,68cts. 4. of 37 dollars 50 cents, for 4 years, at 6 per cent per annum ? Ans. 900cts. or $9. 5. Of 325 dollars 41cis. for 3 years and 4 months, at 5 per ceně. ? Ans. $54,23cis, 5m. 6. Of 3251. 123. 3d. for 5 years, at 6 per cent.? Ans. £97 13s. 8d. 7. Of 1741. 10s. 6d. for 3 and a half years, at 6 per cent.? Ans. £36 13s. 8. Of 1501. 165. 8d. for 4 years aud 7 months, 'at 6 per cent.? Ans. £41 ss. 7 d. |